Smotronic decides to sell 21.07% stake in IL Mobility for 10 billion KRW to secure liquidity

Smotronic's board resolved to sell 610,000 shares or 21.07% stake in unlisted IL Mobility for 10 billion KRW.
The disposal amount represents 12.70% of Smotronic's equity, and the purpose is to secure cash liquidity and enhance corporate value.
The final payment is scheduled for September 30, 2026, and the transaction will close upon name transfer completion.
[AI Summary]Smotronic is selling its 21.07% stake in IL Mobility for 10 billion KRW to improve liquidity. This move reduces investment exposure and provides cash, but the impact on equity method gains and losses should be monitored.